InPhonic, Storactive
Raise New Funding

Updated Sept. 14, 2001 4:16 p.m. ET

InPhonic Closes Series D Round

InPhonic Inc., Washington, D.C., Tuesday said it has closed a Series D round of financing that raised more than $19 million. Core Capital Partners led the round, which also included new investors McAndrews & Forbes, First Analysis, Spring Capital and Winfield Capital. Previous investors Sculley Brothers Investments, CMS Financial Services and Mid Atlantic Venture Funds also participated. The company plans to use the new funds to expand its business and acquire technology companies that complement its existing suite of proprietary products and services. InPhonic (www.inphonic.com) is...